The South Pacific Stock Exchange (SPX) has announced the successful conclusion of the RB Patel Group Limited Wholesale Corporate Bond offer, which successfully raised over $21 million. This bond offer, appealing to a diverse group of investors, illustrated a robust demand across its three tranches, which encompassed three, five, and seven-year tenors. With 25 eligible investors participating, including both institutional and individual investors, this transaction underscores a growing interest in structured fixed-income instruments within the region.
The SPX believes this transaction will pave the way for more companies in Fiji to consider avenues for market-based capital raising. With corporate bonds increasingly becoming integral to Fiji’s business landscape, the SPX is committed to fostering an environment that enhances the development of its corporate bond market while aligning with various equity initiatives.
Moreover, the RB Patel Group bonds are set to be listed on the SPX over-the-counter market. This move signifies the exchange’s ongoing collaboration with issuers and advisors aimed at strengthening Fiji’s corporate bond market, highlighting the SPPX as a catalyst for financial growth and investment opportunities in the region.
Leave a comment